Core business processes

We aim to live up to our corporate responsibility through our core business activities. For example, as an institutional investor managing about USD 200 billion in Group assets, we strive to manage these assets responsibly and seek the opportunity to leverage them in a way that advances our values. We are currently shaping our strategy for responsible investing that will integrate these aspects with our investment philosophy and our proven focus on asset liability management. In 2012 we will formulate this strategy and start its execution.

We are also mindful of our own environmental impact and have committed to reducing our carbon footprint by 10 percent by 2013 compared to 2007. In 2010, the last full year for which we have gathered all data, we reduced carbon emissions by 0.3 tonnes per employee, a reduction of 7 percent compared to 2007. Besides reducing our global carbon footprint we aim to track further environmental impacts, chiefly paper use, water consumption and waste generation. We plan to make more progress in 2012 as we enhance our Group-wide management of employee health & safety and environmental impacts in our office buildings.

Through these and many other initiatives we are aligning core business processes to our vision of being a responsible corporation.